Gergely Szabo has made Partner at Ban, S. Szabo & Partners Law Office in Budapest. In addition, the firm announced that it has changed its name to Ban, S. Szabo, Rausch & Partners Law Office.
Coronavirus Measures in Hungary: Extension of Payment Moratorium
In March 2020, the coronavirus crisis urged the Hungarian government to introduce extraordinary measures to mitigate the economic consequences. This led to a general moratorium for all retail and corporate financings until the end of 2020. As one of the last measures of 2020, the Hungarian government decided to prolong the moratorium due to the second wave of the pandemic.
New Drone Regulations in Hungary
The new year ushered in a new era for drone users in Hungary. On 1 January 2021, new regulations entered into force, introducing a new framework for drone usage, although many details remain unregulated. A significant part of the drone regulations is set forth on the EU level by Commission Delegated Regulation (EU) 2019/945 and Commission Implementing Regulation 2019/947. The new rules in Hungary promote the proper implementation of the relevant EU Regulations, and in some instances prescribe even stricter rules for drone users.
Gatekeepers and the Digital Markets Act – CEE Focused In-depth Review
The Digital Markets Act proposal (DMA) is a collection of complex obligations imposed on certain digital service providers. We previously described the salient features of the DMA here. In this article we focus on the definition and designation of gatekeepers, the powers of the EC compared to Member States and the potential effects of the DMA initiative within CEE.
The Posted Workers Directive Is Applicable in the Road Transport Sector
The Court of Justice of the EU (CJEU) clarified in its decision published on 1 December 2020 that the Posted Workers Directive 96/71/EC should be applied to drivers in the international road transport sector.
Expat(s) on the Market: An Update
Over the course of our seven years, CEE Legal Matters has interviewed most of the British lawyers working on the ground in Central and Eastern Europe as part of our recurring “Expat on the Market” feature. We reached out to them recently and asked them to bring us up to speed on what they’re doing and/or share their thoughts on the ramifications of Brexit or the ongoing COVID-19 crisis.
Schoenherr Advises BOE on Vorosmarty Garage Management Agreement in Budapest
Schoenherr's Budapest office has helped BOE, a subsidiary of Austria's List Group, conclude a management agreement to manage the Vorosmarty Garage in Budapest.
(Re)Shaping the Digital EU: The European Commission's Legislative Proposal to Manage Digitalisation is Finally Here
The fast-paced changes brought about by digital technologies continuously challenge the slow-moving legal framework of the European Union. The European Commission (EC) has long grappled with the ever-evolving practices of tech-companies. Some players, spawned from garages and dorm rooms not long ago, are now entrenched gatekeepers and generate issues enforcers simply lack tools to deal with.
Noerr Advises Evoco on Takeover of Gesco Subsidiaries from Wuppertal
Noerr has advised Switzerland's Evoco AG on the acquisition of six subsidiaries of Gesco AG from Wuppertal.
Noerr Advises Shenzhen Kedali Industry on Investment in Hungary
Noerr has advised Chinese lithium batteries precision parts manufacturer Shenzhen Kedali Industry on a EUR 40 million investment in a new battery production plant in Godollo, Hungary.
Draft Act on Standard Contractual Clauses Open for Feedback
On 12 November 2020 the European Commission published the new standard contractual clauses (SCCs) on data transfer (model clauses), which would replace clauses C2C and C2P under Commission decisions issued under the European Data Protection Directive. The bill subjects international transfers to significantly stricter administrative conditions in the light of the Schrems II decision. The draft act is open for feedback for 4 weeks. Feedback will be taken into account for finalising the initiative.
Spar Will Create Opportunities for Local Small Producers as a Redress for Abuse of Significant Market Power – a Unique Way to Avoid Fine
The Hungarian Competition Authority ('HCA') was less active in abuse of significant market power cases in the past years, but the outcome of the competition supervision proceedings recently conducted against Spar Magyarország Kereskedelmi kft. ("Spar") leads to a forward-looking solution unprecedented in such cases so far: the supermarket chain will develop a new regional supply system as a proactive reparation for the infringement. The programme with a budget of HUF 1,7 billion will not only improve small producers' sales opportunities but will also create new jobs.
DLA Piper Assists with Establishment of Hungarian Bankholding Ltd.
DLA Piper has advised the Budapest Bank Group, KB Bank Group, and the Takarekbank Group on their establishment of the Hungarian Bankholding Ltd. financial holding company.
The Termination of Undivided Joint Ownership May Be Initiated Only from 8 February 2021
The act on the termination of the undivided joint ownership on lands (and on the clarification of the data of the rightholders of properties deemed agricultural land in the land registry) will enter into force on 1 January 2021.
Schoenherr and Deloitte Legal Advise on ABB’s Sale of Ozd Plant to Wellis
Schoenherr has advised Switzerland-based technology company ABB on the sale of its plant in Ozd, Hungary, to wellness equipment producer Wellis, which was advised by Deloitte Legal.
The Equal Treatment Authority Will Be Abolished from 1 January 2021
On 1 December 2020 the Hungarian Parliament decided that as of 1 January 2021, one of the most effective bodies in the fight against discrimination, the Equal Treatment Authority (ETA) will be abolished. Its duties, including the legal protection against racial, gender and other discrimination, will be taken over by the Commissioner for Fundamental Rights. The proceedings ongoing on 1 January 2021 will be suspended until 31 January 2021. Likewise, ongoing administrative lawsuits appealing against decisions of ETA on 1 January 2021 will be suspended until 31 January 2021.
Six-point Action Plan to Ease Finances in Hungary
Minister of Finance, Mihály Varga announced in November 2020 a new, six-point action plan designed to make payments and navigating red tape easier and cheaper in Hungary, as follows:
Will It Be Easier to Litigate in Hungary from 2021?
The Hungarian Parliament has adopted new rules reforming the 2018 civil procedural rules as of 1 January 2021.